Michelin North America Plans Major Plant Expansion Project

(Akron/Tire Review) Michelin North America announced plans to spend as much as $350 million on improvements and expansion projects at all of its “major manufacturing facilities” in South Carolina. The four-year project will add some 100 jobs, the company said.

While MNA didn’t give plant-by-plant specifics, the company did say that the project includes capacity boosts for its OTR and X One super wide tyres. Other aspects of the project will boost production of tyre components at its semi-finished goods plants, and general improvements.

The company said its investment and job growth is based on finalising agreements with state and county governments.

“With increasing competition from Asian imports and high raw material costs, Michelin will remain competitive in North America by continuing to manufacture tyres in more efficient operations with skilled professional employees,” said Jim Micali, MNA chairman and president.